Gregory Shamus/Getty Images(GREEN BAY, Wisc.) -- Brett Favre's relationship with the team he spent the majority of his career playing for is apparently just fine. Both the quarterback and the Green Bay Packers announced on Sunday that Favre will be inducted into the Packers Hall of Fame and have his number 4 jersey retired during the 2015 season.

The joint announcement originally came from Favre's website on Sunday afternoon.

"It was a tremendous honor to play 16 years for the Green Bay Packers. Now to have my name placed among others such as Starr, Hornung, Kramer, Taylor, Lambeau, Nitschke, Lombardi, Davis, White and Hutson is a special honor that I share with all of my teammates and coaches, and that would not have been possible but for the foresight of Ron Wolf, the greatest GM in the history of the NFL," Favre said in the statement.

Green Bay will make an official announcement at 1:30 p.m. on Monday with Favre participating via telephone. Packers Hall of Fame Inc. president Perry Kidder, Packers president Mark Murphy and former Packers president Bob Harlan will all take part.

Favre joined the Packers on Feb. 11, 1992 after being traded by the Atlanta Falcons who drafted him. He led Green Bay to two Super Bowl appearances, winning Super Bowl XXXI, and also won three MVP awards for 1992-2008. Favre announced his retirement that summer but decided he wanted to return and was eventually traded to the New York Jets where he played one season before finishing his career in Minnesota, playing two more years.

David Dermer/Diamond Images/Getty Images(GREEN BAY, Wisc.) -- One of the best general managers in the NFL is sticking around a little longer as the Green Bay Packers are rewarding Ted Thompson with a contract extension.

Thompson's new deal is being called "a multi-year contract extension" and he will remain in charge of the football operations. His original deal was set to expire after the 2016 season.

"The more you think about it, the more you think how nuts are you that you'd walk away from something like this," Thompson said. "It's important to me. It's not my family, but I've got a lot of really good friends here and co-workers that I enjoy coming to work with every day."

Thompson is entering his 10th season as the Packers general manager, and the team has gone 86-57-1 in the regular season and 6-5 in the postseason. They also won the Super Bowl XLV.

Thompson's first draft pick came in 2004 when he selected quarterback Aaron Rodgers 24th overall.

Leon Halip/Getty Images(NEW YORK) -- One of Aaron Rodgers favorite targets will be staying in Green Bay as the Packers and wide receiver Jordy Nelson have agreed on a contract extension.

ESPN is reporting that Nelson's new deal is for four years and worth $39 million, with an $11.5 million signing bonus.

"Jordy Nelson is an outstanding football player and a great ambassador for the Green Bay Packers," said coach Mike McCarthy. "Obviously an excellent family man. It's something that everybody's excited about and [I'm] glad to see Jordy will be here for some time. I was just made aware of it on the field. Hey, Jordy's so consistent and he shows up each and every day, performs at a very high level consistently and he's the ultimate pro."

The 29-year-old Nelson his spent his entire career with the Packers, and is entering his seventh season with the team.

Over the past three seasons, Nelson has caught 30 touchdowns. Last season he caught a career-high 85 passes for 1,314 yards.

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